#United States #New York #Levi & Korsinsky #Match Group #MTCH

Match Group, Inc. Sued for Allegations of Securities Fraud

In a significant legal development, Match Group, Inc. (NASDAQ: MTCH) has found itself at the center of a class action lawsuit concerning alleged violations of securities laws. The legal firm Levi & Korsinsky, LLP has officially notified investors of this ongoing case, which seeks to represent those adversely affected by alleged fraudulent statements made by the company between May 2, 2023, and November 6, 2024.

Details of the Case

The lawsuit claims that during the specified period, Match Group, including its flagship dating app Tinder, made misleading representations that materially underplayed the challenges the company was facing. One main contention is that the company misrepresented its understanding of Tinder’s user growth, which led to a misrepresentation of the associated risks of the business. These misleading statements have purportedly harmed investors by obscuring the true state of the company’s operational health.

Specific Allegations

According to the filed complaint, the key accusations are as follows:

1. Material Understatement of Tinder's Challenges: The lawsuit contends that Match Group significantly downplayed the operational difficulties affecting Tinder, leading to an underreported risk regarding the app's monthly active users. This information was crucial for investors making informed decisions about their investments.
2. False Statements About Business Operations: The defendants allegedly made claims about Match Group's business performance, operations, and future prospects that were materially false and lacked a reasonable basis. Investors depended on this information to gauge the potential risks and rewards of their investments in the company.

Seeking Justice for Investors

Levi & Korsinsky encourages any affected shareholders to ascertain their rights and potential compensation. If you suffered financial losses during the specified timeframe, you have until January 24, 2025, to request the Court to appoint you as the lead plaintiff in the case. It's essential to note, however, that your eligibility for any recovery does not necessitate serving as the lead plaintiff.

No Cost Involved

Investors should be aware that participation in the lawsuit poses no financial risks. Those who qualify as class members may be entitled to compensation without any out-of-pocket expenses or fees, ensuring that individuals can seek justice at no cost. Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past two decades.

About Levi & Korsinsky

Levi & Korsinsky, LLP is a legal firm with extensive expertise in handling complex securities litigation. The firm’s team comprises over 70 professionals dedicated to safeguarding investors' rights. For seven consecutive years, the firm has been recognized in the top rankings by ISS Securities Class Action Services for its success in securities litigation.

Contact Information

Investors looking for more details or assistance in joining the lawsuit can reach out to Joseph E. Levi, Esq. at Levi & Korsinsky via email or through the firm's contact number:

• - Email: [email protected]
• - Phone: (212) 363-7500
• - Office: 33 Whitehall Street, 17th Floor, New York, NY 10004

The legal landscape surrounding securities laws is complex, and Match Group, Inc. is currently navigating legal challenges that have raised serious concerns among investors. It is pivotal for any aggrieved parties to act promptly and seek legal counsel to understand their options and rights.

Bear in mind, collective efforts in such cases are essential not just for personal restitution but also for holding corporations accountable for transparency and fair practice in the markets.